Bulgarian National Bank

Bulgaria Earned EUR 3.4 Billion from International Tourism

Bulgaria had earned over EUR 3.4 billion in revenues from international tourism in the period January-October 2019, according to the data of the Bulgarian National Bank released today, said the press office of the Ministry of Tourism. The results show a decrease of only 0.3% compared to the same period of the record 2018.

Deposits of the Non-Governmental Sector with an Annual Increase of 7.9%

At the end of September 2019, deposits of the non-governmental sector reached EUR 42.11 billion (71.2% of GDP), which is an annual increase of 7.9%, the Bulgarian National Bank has reported. Deposits by non-financial enterprises totaled 13 billion euros at the end of the previous month (21.9% of GDP). Compared to the same month of 2018, the rise is 6.4%.

624 Million Euro Were Transferred into the Country from Bulgarians Abroad for just the First Half of the Year

According to Bulgarian National Bank data, 624 million euro has been transferred to Bulgaria from Bulgarians living and working abroad in the period from the beginning of the year until 30 June, 2019, BNR reported.   The biggest sums have been transferred from Germany, USA and Spain. In some households the money transfers from abroad are for no less than 1,200 euro a year.

Lower Consumption and Exports will Slow Growth in Bulgaria in 2020-2021

The growth of the Bulgarian economy will weaken over the next two years against the background of the expected decrease in exports and domestic consumption. This is clear from the second Economic Review for the year, prepared by the Bulgarian National Bank (BNB). "We forecast the real GDP growth rate of Bulgaria in 2019 to reach 3.7%, accelerating compared to 2018.